Sign In
Ask Question
Augustus
Business
2 August, 23:47
What does the success of a business depend on?
+4
Answers (
1
)
Myla Blevins
2 August, 23:58
0
For many of us, we are our business - whether we call ourselves the business owner, director or solopreneur, we are the person that makes the difference.
So how could you impact your business success if you recognized and developed your leadership potential? Your reluctance to increase your prices, the client who expects you to be available 24/7, the team member who is demotivated; these are all leadership issues.
Effective leadership is key to the success of any enterprise and if you’re not leading your business then who is? None of us operate in a vacuum and our success depends on others. You may have a small team or there are relationships with clients, contractors and suppliers where your leadership and influence can make or break the business.
Perhaps you feel none of this is relevant to you, but guess what? You are already leading! As the business owner in those relationships, how you behave, what you prioritize is being ‘watched’; the signals you give out are telling your team and other key business partners how to respond to you. So if you keep letting your supplier deliver late, you are leading them to believe it’s acceptable, when in fact it may be having serious consequences on your service. They are taking their cue from you - some of that may work but some may be leading to failure. So wouldn’t it be useful to look at your leadership and identify what does and doesn’t work, then you can decide what to do about it.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“What does the success of a business depend on? ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Karen bought a mixer. She received a warranty that covers only certain aspects of the product. If the product fails, she may be required to pay part of the costs for shipping or repairs. Which of the following warranties does she have A.
Answers (2)
What type of income is received through rent?
Answers (1)
In times of rising prices, inventory profits (or phantom profits) are said to occur under the FIFO cost flow assumption.
Answers (1)
My mother just died just a few minutes ago
Answers (1)
If businesses are producing at capacity, and the nation is experiencing almost full employment (a very low rate of unemployment - less than 2%), the Fed may decide to: A. Lower interest rates. B. Raise taxes. C. Lower taxes. D.
Answers (1)
New Questions in Business
Independence Corporation reported beginning and ending total assets of $ 18 comma 000 and $ 28 comma 000 , respectively. Its net sales for the year were $ 21 comma 850. What was Independence 's asset turnover ratio?
Answers (1)
Joe an excutive recieves an email that appears to be from the finicial instution that provides his company credit cards the text of the email includes joe's name and the company name and states that there is problem with joe's credit card the email
Answers (1)
When the regulator sets a price that a firm cannot exceed over the next few years, the regulator is enforcing:?
Answers (1)
Suppose you are a manager of a factory. You purchase five (5) new machines at one million dollars each. If you can resell two of the machines for $500,000 and three of the machines for $200,000, what are the sunk costs of purchasing the machines?
Answers (1)
Skin is relatively waterproof because of:
Answers (1)
Home
»
Business
» What does the success of a business depend on?
Sign In
Sign Up
Forgot Password?